KPMG, a professional services company and one of the Big Four auditors in the world, has signed a Memorandum of Understanding with Open Technology Foundation (OTF), to promote a standard Application Programming Interface (API) for in the financial services sector in Nigeria, with the primary objective of consistently providing consumers of financial services with access …
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KPMG, Open Technology Foundation collaborate, for improved financial services
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Open Banking Nigeria Roadmap – Igniting innovation with a common API standard
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Sterling Bank to Champion Open Banking in Nigeria
To chart a new course for the financial services industry in Nigeria and the African continent, Sterling Bank Plc, one of Nigeria’s forward-looking financial institutions, has formally committed to the development of the Application Programming Interface (API) standard for financial institutions. First of its kind on the African continent, the initiative will ensure the launch …
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Africa’s Talking joins Open Banking Nigeria
Mobile technology company, Africa’s Talking, has joined the league of technology companies partnering with Open Banking Nigeria in the development of Open APIs for the Nigerian financial industry. Africa’s Talking provides communication APIs for SMS, USSD, voice, etc. to help technology startups and large companies communicate with their customers across Africa. To further strengthen their …
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Open Vector: ‘Open Banking Nigeria’s practical approach is yielding results’
As the effort to establish open banking API standards in Nigeria intensifies, Open Vector, one of the world’s most competent Open API consulting companies, has released a detailed report on Open Banking Nigeria. The report written by Open Vector for Open Banking Nigeria analyses the current situation in Nigeria with respect to open banking and …
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Open Vector report for Open Banking Nigeria
Abstract This study, commissioned by open Banking Nigeria (OBN) analyses the current situation in Nigeria with respect to open banking and what might be learned from other open banking initiatives notably in the UK and Europe. The key finding is that while OBN ‘bottom up’ practical approach is yielding benefits, if it is not to …
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Open Banking: Citi to become 1st corporate bank to enroll with UK Open Banking
Citi is gearing up to become the first corporate bank to enroll as a Payment Initiation Service Provider (PISP) with UK Open Banking Directory. According to news sources, CitiBank will join UK’s Open Banking framework to provide an aggregated payments collections service for its business clients, tapping the APIs of the country’s largest nine banks, with …
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Open Banking: Token.io becomes 1st licensed PISP to conduct end-to-end payment through public bank API
Leading Open Banking platform provider Token.io Limited has made history by becoming the first licensed Payment Initiation Service Provider (PISP) to conduct an end-to-end payment through a public bank API. As a result, millions of customers are set to benefit from simpler and more secure payments, through this historic move in the world of banking. Confirmed as …
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CBN to embrace Open Banking System
As the banking system moves to deliver quality services to consumers in the 21st century driven by new technological advancements, the Central Bank of Nigeria (CBN) has declared its interest in Open Banking System which grants bank customers easy access to their data and opening the financial system to applications and other services. This was …
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Open Vector partners with Open Banking Nigeria
As part of a global alliance, Open Banking Nigeria has entered a strategic alliance with Open Vector to jointly develop the Open Banking Nigeria API standards. Open Vector is a strategic change advisory firm specializing in providing Open Banking consulting and implementation services to senior and C-level banking executives worldwide. Speaking on the partnership, Ope …
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